Monthly Archives: January 2020
Two Attorneys Charged In Fraudulent Scheme to Issue False Legal Opinions
(HedgeCo.Net)The SEC has charged Diane Dalmy for concealing from transfer agents and brokerage firms her involvement in preparing legal opinion letters concerning the sale of certain microcap securities. According to the SEC’s complaint, Dalmy had been placed on the prohibited […]
World Stocks Pause At Record Peak As Markets Assess U.S.-China Deal
(Reuters) – World stocks inched ahead to a record high on Thursday after the United States and China signed an initial deal to defuse their 18-month trade war, though financial markets were wary as a number of thorny issues remained […]
JP Morgan report: Tech and sustainability pushing hedge funds to “inflection point”
(Hedgeweek) Machine learning’s influence over hedge funds will continue to grow, shaping trading decisions and portfolio positioning, while sustainable alpha opportunities are driving the industry to an inflection point, a new study by JP Morgan suggests. To read this article:
Barclay Hedge Fund Index gains 10.70% in 2019, the largest annual return since 2013
(Opalesque) The hedge funds industry gained 10.70%, the largest annual return since 2013 when the Barclay Hedge Fund Index gained 11.12%. By comparison, the S&P 500 Total Return Index posted a 31.49% return in 2019. To read this article:
Infrastructure fundraising hit an all-time high in 2019
(Opalesque) The infrastructure fundraising market reached new heights in 2019 as a total of $98bn was raised from investors as 88 funds closed. According to Preqin, it included a $22bn fund raised by Global Infrastructure Partners – the largest infrastructure […]
Eschler long/short equity hedge fund returns 19.5% in 2019
(Opalesque) Thanks to a contrarian investment style and heavy allocations to metals and mining, Eschler Recovery Fund (ERF) retuned 19.5% (net) in 2019, compared to the Credit Suisse Long/Short Index’s 10.9% return, and has annualised 6.2% since its October 2012 […]
Court Orders Fund Adviser to Pay More Than $31 Million
(HedgeCo.Net) A federal district court has ordered San Francisco-based fund adviser Michael B. Rothenberg to pay more than $31 million in disgorgement, prejudgment interest, and penalties in connection with the misappropriation of investor money. The SEC’s complaint, alleged that Rothenberg […]
CFTC Orders South Korean Company to Pay $700,000 for Spoofing
(HedgeCo.Net) The Commodity Futures Trading Commission has issued an order simultaneously filing and settling charges against Mirae Asset Daewoo Co., Ltd. for spoofing in the Chicago Mercantile Exchange (CME) E-mini S&P 500 futures market. The order finds that Daewoo Securities […]
Macro hedge funds rebound as investment landscape improves in Q4
(Hedgeweek) Macro-focused hedge funds have enjoyed a resurgence in recent months, generating a 6.50 per cent annual gain in 2019, aided by a 1.73 per cent return during the final quarter of the year, according to eVestment’s aggregated hedge fund […]
Alternative investment fund finance moving from niche to mainstream
(Hedgeweek) Two-thirds (66 per cent) of alternative investment professionals have a good understanding of the benefits of fund finance but cite negative perceptions among LPs as the biggest challenge to its wider adoption, according to a new survey commissioned by […]
Nuveen creates $21bn private capital platform with Churchill Asset Management
(Opalesque) Nuveen, the $1 trillion investment manager owned by TIAA, is bringing its private equity and junior capital group together with Churchill Asset Management, its middle-market senior loan and unitranche financing business, to create the direct access platform. To read […]
Willis Towers Watson’s Asset Management Exchange hires senior J.P. Morgan executive
(Opalesque) The Asset Management Exchange (AMX), an institutional platform for investors and asset managers, announced the appointment of Dr Kerrie Mitchener-Nissen as Head of Product. Mitchener-Nissen joins AMX, which manages over $9.5 billion in assets, to lead a growing team […]